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Investors for mobile device bar and restaurant marketing software
Posted by: Robert Tell on 6/11/2010 8:11:08 PM
Funding Needed:
Under $100k 		Category:
Media / Communication & Networking 		Website :
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Location :
Chicago, Illinois, USA 		Viewed : 267 times
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Description:
Our company is building an application and database designed to present deals to the public through their mobile device. Either through an application in the case of smart phones, or SMS in the case of feature phones, we plan to provide people with a wide variety of discounts to restaurants and bars all over the city of Chicago and later throughout the United States.

Our revenue model follows by charging a small transaction fee for every discount made available through our system. A number of establishments have already expressed interest in offering significant discounts in order to drive customers to their door. An additional advertising apparatus will supplement the transaction based revenue model. This will be used to push information about the establishments to subscribed user at cost. These two combine to offer significant positive revenue flow fairly rapidly.

Purchasing will largely be handled through ther customer's mobile device using Premium SMS technology or through credit card if the individual prefers.

With this system and it's complete lack of overhead outside of initial non-recoverable engineering fees, there is significant earning potential available within a year of system implementation.

Financial and technical models are available upon request.

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